loanDepot Unveils Warehouse Securitization for Mello Unit October 30, 2018 Paul Muolo Clayton Services has been hired to conduct due diligence reviews every 90 days on 100 randomly selected loans.Read More
Short Takes: Parity for the FHLBs and FanFred? / Once a Contender / Newfi and Non-QM / Strong Earnings from First American but Anxiety Too / From Alibaba to MGIC October 30, 2018 Paul Muolo Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.Read More
A Sure Bet for the New FHFA Director: No More GSE Pilot Programs? October 29, 2018 Paul Muolo The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…Read More
Prestwick Announces Auction of GSE, Private Investor MSRs October 29, 2018 Paul Muolo Fannie Mae receivables dominate the package at $70.9 million...Read More
Short Takes: Bill Dallas Speaks / FoA’s New Reverse Product / A Blow-Out Earnings Number from Freddie? / Fannie? / No Permanent President for Ginnie, Still / Former FHLB Chicago Exec Named President of CU Mortgage Firm October 29, 2018 Brandon Ivey and Paul Muolo On Wednesday, Freddie Mac will release third-quarter results...Read More
Incenter Announces Large MSR Auction October 26, 2018 Paul Muolo Loans from California account for the largest chunk of receivables at 18.3 percent...Read More
What We’re Hearing: Cut in Half, Ellie Mae’s Share Price / 1H 2019: A Challenge / Walking the Floor of the MBA Show / A Bullish Outlook for Servicing, Non-QM Lending / If Stocks Tank Further, Good Things Might Happen / High on Chris George’s ‘To Do’ List: October 26, 2018 Paul Muolo But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...Read More
New Residential Reports Strong 3Q18 Results, Bought $43B of MSR During the Period October 25, 2018 Paul Muolo The New York-based real estate investment trust has been on an MSR acquisition tear the past three years...Read More
Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water October 25, 2018 Paul Muolo HUD Secretary Ben Carson had some sobering thoughts about low interest rates...Read More
Ginnie Mae EVP Maren Kasper: Prepays are Still a Big Problem October 24, 2018 Paul Muolo A growing concern that foreign investors might avoid Ginnie MBS?Read More